liability

Landlord Tenant

Landlords: Are You Protected When You Enter Your Rental Properties?

by Peter Giardini | July 15, 2011
Thumbnail image for Landlords: Are You Protected When You Enter Your Rental Properties?

“LANDLORD ACCUSED OF ATTEMPTED RAPE” This was a recent headline in a local paper here in Maine.  It got my attention for several reasons and got me to thinking about how vulnerable landlords (property managers included) are when entering your rentals properties. To be sure… this landlord has huge problems, as he was in the tenants bedroom, [...]

4 comments Read the full article →
Real Estate Investing

Shop for Real Estate Assets, Not Liabilities

by Marty Boardman | June 30, 2011

It’s time for me to come clean.  I love to shop.  Not for clothes or jewelry.  That would mean immediate revocation of my man card.  No, I like to browse for gizmos, gadgets and toys.  High tech or low tech, it doesn’t matter. On Sundays I sit at my kitchen table flipping through the slick [...]

12 comments Read the full article →
Real Estate Law

Six Clauses for Every LLC – Part 2

by Clint Coons | December 10, 2010
Thumbnail image for Six Clauses for Every LLC – Part 2

The purpose of this post is to provide investors with some guidance in creating their LLCs. So far, I have covered three of six points that in my experience have created the most problems for LLC owners. These six in and of themselves are not an exhaustive list, but a good start toward creating an [...]

4 comments Read the full article →
Real Estate Law

Six Clauses Essential for Every LLC – Part 1

by Clint Coons | December 2, 2010
Thumbnail image for Six Clauses Essential for Every LLC – Part 1

A properly drafted operating agreement can greatly enhance the liability protection. An improperly drafted operating agreement will do the opposite, leaving creditors a superhighway of access to the assets. The issue is how to determine if your operating agreement is properly drafted or not. Most LLC operating agreements that I review fall into what I [...]

1 comment Read the full article →
Real Estate Law

Will Your Real Estate Asset Protection Stand up in a Fight

by Clint Coons | October 14, 2010
Thumbnail image for Will Your Real Estate Asset Protection Stand up in a Fight

How much protection can you truly expect to receive from a Corporation or Limited Liability Company as a real estate investor?  If you listen to some purveyors of asset protection tools the answer is complete protection.  If you ask an attorney the answer is “it depends.”  Many investors are frustrated by the attorney answer and [...]

8 comments Read the full article →
Rehabbing

What’s in a Contract? Almost Everything You Need to Know About Contractor Contracts

by J Scott | February 17, 2010

[Big Disclaimer: I am not a lawyer and I don’t play one on TV.  The information I provide below is just my opinion based on my experiences, and shouldn’t be construed as anything more than that…it certainly shouldn’t be construed as legal advice.  If you have any questions about the legal aspects of what I [...]

11 comments Read the full article →
Real Estate Law

Piercing the Veil: Holding Owners Liable for the Acts of the Business

by Greg Boots | May 7, 2009

While visiting the Starting Out Forum here on BiggerPockets, I read through a thread titled “LLC Controversy”. Instead of responding to the thread directly, I decided to write this blog to address a fundamental issue for every investor, myself included: Why even bother setting up a business entity if my assets will be attached from [...]

4 comments Read the full article →
Real Estate

The Asset Protection Misconception: Why Insurance Alone Isn’t Enough

by Greg Boots | March 18, 2009

“Why did my financial advisor tell me that in order to achieve asset protection for my investment properties, I only need a general liability policy?” This is a question I am consistently asked by investors when I am speaking throughout the country. Don’t get me wrong, I am a huge advocate of insurance, but in [...]

9 comments Read the full article →
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.